Innovation institute ‘in good shape’, commissioner says

The European Institute of Innovation and Technology has overcome the problems that have plagued the organisation, according to the commissioner responsible for its supervision.

A 2016 report from the European Court of Auditors that strongly criticised the EIT was “a very important point of departure” for the institute’s management, education commissioner Tibor Navracsics told the news website Euractiv on 5 October. 

Auditors found that the management structure of the EIT, which facilitates knowledge exchange between research, industry and education organisations, was “poorly suited to innovation”. But Navracsics, who set up an expert group to help tackle the problems, claimed that the EIT was now “in solid and good shape”, although he added that its business model and structure still needed to become “more flexible”.